Bangladeshi garments workers attend a demonstration protest for their due salary and wages in front of National Press Club in Dhaka. The economy of Bangladesh is largely dependent on agriculture. However, the Ready Made Garments (RMG) sector has emerged as the biggest earner of foreign currency. In 1972, the World Bank approximated the gross domestic product (GDP) of Bangladesh at USD 6. 29 billion, in 2014, the GDP stood at USD 173. 82 billion, growing by almost 27 times in a matter of four decades. Bangladesh's exports industry alone comprised USD 31. 2 billion in FY 2014-15, 81. 69% of which was made up by ready-made garments. On its own, the knitwear sector encompasses 39. 83% of total exports. ”a staggering USD 12. 43 billion. The RMG sector has experienced an exponential growth since the 1980s. The sector contributes significantly to the GDP. It also provides employment to around 4. 2 million Bangladeshis, mainly women from low income families.

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